Setting Up and Maintaining a Wyoming LLC: A Comprehensive Guide
Establishing a Wyoming LLC is a simple and straightforward process. This guide will walk you through the steps needed to register your LLC and outline the requirements for maintaining it.
To register a Wyoming LLC, you'll need to provide the following:
A copy of your ID
Proof of address (This can be a utility bill or a credit card statement. Please ensure that the name on your proof of address matches the name on your ID.)
If you have a U.S. driver’s license, it can serve as both your ID and proof of address.
When filing for your Wyoming LLC, you’ll need to declare the first member of the LLC. However, this information is not shared with the State of Wyoming. The identity of the person behind the entity is only disclosed when applying for an EIN with the IRS.
To open a bank account or crypto exchange account, you'll need an EIN (Employer Identification Number). When applying for an EIN, a representative of the entity must be listed.
Applying for an EIN:
If you’re a U.S. citizen, you can apply for an EIN instantly through the IRS website.
Non-U.S. residents will need to fill out a specific form and send it by fax to the IRS. Please note that while the IRS has an official 45-day response time, the actual processing time may be longer.You can find the form here.
Additionally, Otonomos can assist with filing the EIN on your behalf.
Wyoming LLCs are renewed annually on the anniversary of the company’s formation. Renewal costs cover the registered agent and registered address.
Annual Reporting: Owning a Wyoming LLC requires filing an annual report with the State of Wyoming. This report is submitted at the time of renewing your entity. Otonomos can assist with filing your annual report.
Adding or Changing Members/Managers: Changing or adding members or managers to your Wyoming LLC does not require a filing with the State of Wyoming. These changes can be made through an internal resolution, and the necessary documents are provided when your company is registered.
Upon registering your Wyoming LLC, you will receive the following documents:
Articles of Organization
Certificate of Organization
Initial Resolutions
Limited Liability Company Operating Agreement
Certification of Members
Listing of Managers
Listing of Members
Capital Contributions
LLC Membership Certificate
LLC Resolution to Open a Bank Account
Company Dissolution: To properly close down your entity, you can file for a company dissolution. This ensures that your entity is correctly shut down without any unresolved matters.
Company Strike Off: Alternatively, an entity can be struck off if it fails to pay renewal fees or submit the required statements to maintain good standing.
You can order your Wyoming LLC directly from our website. Setting up and managing a Wyoming LLC is a straightforward process with the right guidance. Whether you’re establishing your entity, managing changes, or considering dissolution, understanding these steps will ensure your LLC remains in good standing.